HSBC
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Both issuers built books that were less than 1.5 times covered -
The pair raised €8.5bn combined despite the EU draining €12bn from the market the previous day
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Aftershock of Tuesday’s CPI print still roiling markets but both issuers succeed
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Yorkie Wong had worked at HSBC and Shanghai Pudong Development Bank
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Deal was launched before US August inflation rattled markets
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The pair announced ESG deals as the EU finalises a well sought-after €12bn transaction
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Short dated, highly rated issuance manages to push through fair value
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Pair of issuers get ahead of upcoming large EU syndication
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New joint role for Deghaili and Connor, focus on structured equity and leveraged finance
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Onshore format brings pricing at least as good as dollars
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Deal is understood to have broken a record for the issuer
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Safe issuers and short maturities fill market battered by macro worries, but four deals are increased
